Is Key Largo, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Key Largo was a Seller's Market.
Key Takeaway
Key Largo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Key Largo, FL
How much do homes in Key Largo, FL cost?
Median Sold Price
$945,000
$668/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Key Largo have sold for 18.1% more than they did a year ago.
Summary: The median home sold price in Key Largo was $945,000 in June 2024, up 18.1% from last year, and the median price per square foot was $668.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $339K | $450K | +32.7% |
| 2 Bedrooms | $685.8K | $708.5K | +3.3% |
| 3 Bedrooms | $849K | $950K | +11.9% |
| 4 Bedrooms | $1.6M | $1.2M | -24.2% |
| 5+ Bedrooms | $2.0M | $2.3M | +15.0% |
Summary: Key Largo housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
| Tavernier | $1.0M | $1.2M | +28.7% |
| Upper Keys | $849.5K | $1.0M | +26.3% |
| Key Largo | $800K | $945K | +18.1% |
Housing Supply in Key Largo, FL
How many homes are available in Key Largo, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 111 | 123 | +10.8% |
Summary: The Key Largo real estate market had 123 homes for sale in June 2024, a 10.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 31 | 36 | +16.1% |
| 3 Bedrooms | 41 | 47 | +14.6% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Key Largo housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Key Largo, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Key Largo in June 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Key Largo, FL
How long does it take to sell a home in Key Largo, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 91 Days | 163 Days | +78.6% |
Summary: Homes in Key Largo had an average of 163 days on market in Jun 2024, up by 78.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Key Largo has remained consistent over time.
Summary: During June 2024, 7 homes were sold in Key Largo; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.